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Wealthfront vs Merrill Edge Guided Investing Review

Blain Reinkensmeyer

Published by Blain Reinkensmeyer


Thursday, November 15th, 2018

For our Robo-Advisor Review we assessed, rated, and ranked eight different firms. Instead of relying on website information and marketing materials as most editorials do, we opened and funded an account with each robo-advisor to acquire a true client experience. Here, we will compare Merrill Edge Guided Investing vs Wealthfront to see which robo-advisor is best.

To start our comparison, we will take a look at the annual fees for both services. Cost is broken down into two separate buckets: the annual management fee charged for having an account and the annual fee charged for holding each ETF in the portfolio. Wealthfront is a better option with a 4.50 star rating over Merrill Edge Guided Investing's 3.00 star rating.

Exploring both robo-advisor feature sets, we can also find differences. Wealthfront makes tax-loss harvesting available to clients, while Merrill Edge Guided Investing does not. For running calculations on being ready for retirement, clients will want a retirement calculator. Wealthfront has an advanced retirement calculator, Merrill Edge Guided Investing doesn't. Some customers like to monitor their personal financial goals. Wealthfront makes goal tracking available to clients, while Merrill Edge Guided Investing does not. Finally, an attractive feature includes providing deeper account analysis thanks to the ability to import and aggregate third-party financial accounts. Wealthfront makes external accounts analysis available to clients, while Merrill Edge Guided Investing does not.

Lastly, more web savvy customers may find it valuable to have access to customer service through phone, email, and live chat. However, not every robo provides live chat support as an option. Merrill Edge Guided Investing makes live chat support available to clients, while Wealthfront does not.

Overall, Wealthfront boasts 5.00 stars versus Merrill Edge Guided Investing's 3.00 stars. And, as far as individual category awards go, Wealthfront finished with awards Best in Class - Cost, Best in Class - Investment Approach and Best in Class - Platforms & Tools, while Merrill Edge Guided Investing came up with Best in Class - Customer Service.
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Overall Robo
Investment Approach
Cost
Tools
Customer Service
Minimum Deposit
Annual Fee - $5,000
Annual Fee - $25,000
Annual Fee - $50,000
Annual Fee - $100,000
Annual Fee - $1,000,000
Total AuM
Avg Funds Expense Ratio - Conservative
Avg Funds Expense Ratio - Moderate
Avg Funds Expense Ratio - Aggressive
Advantage
Tax-Loss Harvesting
529 Plans
CFP Access
Phone Support
Email Support
Live Chat Support
Advantage
Goal Tracker - Basic
Goal Tracker - Advanced
External Accounts Analysis
Market Research Reports
iPhone App
Android App
Advantage
Overall Robo
Advantage
Wealthfront
Wealthfront Review
 
5
5
4.5
5
3.5
 
$500.00
0.25%
0.25%
0.25%
0.25%
0.25%
$10 Billion
N/A
N/A
N/A
check_circle
 
Yes
Yes
No
Yes
Yes
No
check_circle
 
Yes
Yes
Yes
No
Yes
Yes
check_circle
 
5
check_circle
Merrill Edge Guided Investing
Merrill Edge Guided Investing Review
 
3
4.5
3
2
4.5
 
$5,000.00
0.45%
0.45%
0.45%
0.45%
0.45%
NA
0.09%
0.10%
0.08%
 
No
No
No
Yes
Yes
Yes
 
Yes
No
No
No
No
No
 
3

All pricing data was obtained from a published web site as of 09/01/18 and is believed to be accurate, but is not guaranteed. The StockBrokers.com staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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